Daily Archives: October 27, 2010

PRIME: The Global Financial Court of Justice?


The call for a global financial court seem to have received a first legitimate answer, with a proposal for such court in The Hague: PRIME Finance (Panel of Recognized International Market Experts in Finance).

The tribunal will aim to resolve the increasing number of intricate global financial disputes – particularly those resulting from complex financial products such as derivatives.
It will focus on disputes between financial institutions such as banks, insurance firms and pension funds but could also consider disputes between institutions, such as clearing houses and exchanges and their customers or institutions and regulators.

Maybe a footnote in the news now, but like the international criminal court of justice in The Hague, clearly global justice on financial matters is quickly maturing to a next level of sophisticated control and order.

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